Mac Charles (India) Ltd. — Quarter ended 31 March 2026 (FY ended 31 March 2026)
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| Sl. No. | Particulars | Quarter ended 31 March 2026 (Refer note 2) | Quarter ended 31 December 2025 (Unaudited) | Quarter ended 31 March 2025 (Refer note 2) | Year Ended 31 March 2026 (Audited) | Year Ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| a) Revenue from operations | 320.23 | 327.33 | 19.21 | 1,103.04 | 98.31 | |
| b) Other income | 157.81 | 196.75 | 212.08 | 685.40 | 632.71 | |
| Total Income (a+b) | 478.04 | 524.08 | 231.29 | 1,788.44 | 731.02 | |
| 2 | Expenses | |||||
| a) Employee benefits expense | 24.60 | 27.31 | 27.93 | 98.28 | 114.95 | |
| b) Finance costs | 261.50 | 301.28 | 338.20 | 1,195.66 | 991.81 | |
| c) Depreciation and amortisation expenses | 52.87 | 53.76 | 4.73 | 206.16 | 21.48 | |
| d) Other expenses | 31.20 | 36.29 | 58.93 | 138.44 | 193.53 | |
| Total expenses (a+b+c+d) | 370.17 | 418.64 | 429.79 | 1,638.54 | 1,321.77 | |
| 3 | Profit/(loss) before exceptional items and tax (1-2) | 107.87 | 105.44 | (198.50) | 149.90 | (590.75) |
| 4 | Exceptional items (refer note 7) | – | 607.20 | – | 607.20 | – |
| 5 | Profit/(loss) before tax (3-4) | 107.87 | (501.76) | (198.50) | (457.30) | (590.75) |
| 6 | Tax expense | |||||
| – Current tax | – | – | – | – | – | |
| – Deferred tax | – | – | – | – | – | |
| 7 | Profit/(loss) after tax (5-6) | 107.87 | (501.76) | (198.50) | (457.30) | (590.75) |
| 8 | Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss: | ||||||
| – Remeasurements of defined benefit plans | (7.16) | (0.29) | 1.70 | (7.45) | 1.70 | |
| – Equity instruments through other comprehensive income – net changes in fair value | (3.12) | (0.70) | (3.54) | (3.41) | 1.14 | |
| – Income tax relating to above items | – | – | – | – | – | |
| 9 | Total other comprehensive income, net of tax | (10.28) | (0.99) | (1.84) | (10.86) | 2.84 |
| 10 | Total comprehensive income (7+9) | 97.59 | (502.75) | (200.34) | (468.16) | (587.91) |
| 11 | Paid-up equity share capital (face value of ₹ 10 each) | 131.01 | 131.01 | 131.01 | 131.01 | 131.01 |
| 12 | Reserves excluding revaluation reserve | 3,477.94 | 3,946.08 | |||
| 13 | Earnings per equity share (not annualised for the quarters) | |||||
| (a) Basic (₹) | 8.23 | (38.30) | (15.15) | (34.91) | (45.09) | |
| (b) Diluted (₹) | 8.23 | (38.30) | (15.15) | (34.91) | (45.09) |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 179.61 | 196.20 |
| Investment property | 6,352.69 | 5,887.56 |
| Financial assets | ||
| (i) Investments | 4,435.63 | 4,058.47 |
| (ii) Loans | 2,940.72 | 3,248.93 |
| (iii) Other financial assets | 19.36 | 19.62 |
| Income-tax assets (net) | 47.35 | 62.83 |
| Other non-current assets | 371.95 | 65.45 |
| Total non-current assets | 14,347.31 | 13,539.06 |
| Current assets | ||
| Financial assets | ||
| (i) Investments | 459.17 | 311.14 |
| (ii) Trade receivables | 19.19 | 20.16 |
| (iii) Cash and cash equivalents | 31.99 | 56.77 |
| (iv) Bank balances other than cash and cash equivalents | 116.67 | 778.50 |
| (v) Loans | 821.44 | 3.09 |
| (vi) Other financial assets | 7.07 | 0.68 |
| Other current assets | 175.32 | 26.27 |
| 1,630.85 | 1,196.61 | |
| Assets held for sale | 4.57 | 10.17 |
| Total current assets | 1,635.42 | 1,206.78 |
| Total assets | 15,982.73 | 14,745.84 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 131.01 | 131.01 |
| Other equity | 3,477.94 | 3,946.08 |
| Total equity | 3,608.95 | 4,077.09 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| (i) Borrowings | 10,634.35 | 10,401.26 |
| (ii) Other financial liabilities | 311.90 | – |
| Provisions | 22.83 | 6.45 |
| Other non-current liabilities | 163.48 | – |
| Total non-current liabilities | 11,132.56 | 10,407.71 |
| Current liabilities | ||
| Financial liabilities | ||
| (i) Borrowings | 983.02 | 66.24 |
| (ii) Trade payables | ||
| – Total outstanding dues to micro enterprises and small enterprises | – | – |
| – Total outstanding dues other than to micro enterprises and small enterprises | 23.39 | 7.50 |
| (iii) Other financial liabilities | 176.87 | 159.63 |
| Other current liabilities | 51.94 | 16.73 |
| Provisions | 2.53 | 7.47 |
| 1,237.75 | 257.57 | |
| Liabilities associated with discontinued operations | 3.47 | 3.47 |
| Total current liabilities | 1,241.22 | 261.04 |
| Total equity and liabilities | 15,982.73 | 14,745.84 |
| Particulars | Year ended 31 March 2026 Audited | Year ended 31 March 2025 Audited |
|---|---|---|
| Loss before tax | (457.30) | (590.75) |
| Adjustments: | ||
| – Impact of straightlining of rent | (414.59) | – |
| – Amortisation of deferred revenue | (30.61) | – |
| – Interest income | (605.63) | (504.29) |
| – Liability no longer required written back | (10.25) | – |
| – Interest expense | 1,195.66 | 871.15 |
| – Depreciation and amortisation expenses | 206.16 | 21.48 |
| – Profit on sale of assets held for sale, net | (43.44) | (36.37) |
| – Reversal of impairment of loans | – | (11.83) |
| – Loss on extinguishment of financial liabilities | – | 120.65 |
| – Gain on modification of financial assets | (1.02) | (13.31) |
| – Exceptional items | 607.20 | – |
| – Corporate guarantee income | (2.43) | (38.87) |
| – Profit on sale of investments in mutual funds | (17.01) | (23.82) |
| – Fair value changes in financial instruments | (5.01) | 14.25 |
| – Provision for doubtful advances | – | 39.92 |
| Operating profit/(loss) before working capital changes | 421.73 | (151.79) |
| Working capital adjustments: | ||
| – Trade receivables | 0.97 | (3.77) |
| – Current and non-current financial assets | 6.09 | (6.51) |
| – Other current and non-current assets | (106.41) | (9.13) |
| – Trade payables | 15.89 | (7.77) |
| – Current and non-current financial liabilities | 298.24 | 32.01 |
| – Other current and non-current liabilities | 172.45 | 13.14 |
| – Provisions | 3.99 | 1.89 |
| Cash flows from/(used in) operating activities | 812.95 | (131.93) |
| Income taxes refund, net | 16.44 | 8.38 |
| Net cash flows from/(used in) operating activities [A] | 829.39 | (123.55) |
| Particulars | 31 March 2026 (₹ million) | 31 March 2025 (₹ million) |
|---|---|---|
| Purchase of property, plant and equipment and investment property (including capital advances) | (583.01) | (1,638.63) |
| Proceeds from sale of assets held for sale | 49.04 | 51.66 |
| Loans given | (256.39) | (1,665.86) |
| Loans received back | 5.00 | 66.12 |
| Investment in subsidiaries | (0.10) | (0.10) |
| Purchase of investments in mutual funds | (1,153.24) | (604.98) |
| Proceeds from sale of investments in mutual funds | 1,027.23 | 491.75 |
| Investments in fixed deposits | (1,089.43) | (12,970.50) |
| Proceed from maturity of fixed deposits | 1,763.88 | 15,447.90 |
| Interest received | 11.19 | 216.61 |
| Net cash used in investing activities [B] | (225.83) | (606.03) |
| Particulars | 31 March 2026 (₹ million) | 31 March 2025 (₹ million) |
|---|---|---|
| Proceeds from long-term borrowings (net of processing charges) | 10,684.93 | 10,100.12 |
| Repayment of long-term borrowings | (10,220.31) | (6,202.22) |
| Interest paid (inclusive of prepayment penalty) | (1,092.96) | (3,121.36) |
| Net cash (used in)/flows from financing activities [C] | (628.34) | 776.54 |
| Particulars | 31 March 2026 (₹ million) | 31 March 2025 (₹ million) |
|---|---|---|
| Net (decrease)/increase in cash and cash equivalents [A+B+C] | (24.78) | 46.96 |
| Cash and cash equivalents at the beginning of the year | 56.77 | 9.81 |
| Cash and cash equivalents at the end of the year | 31.99 | 56.77 |
| Sr. No. | ISIN | No. of NCD | Amount of Issue (in million) | Credit rating |
|---|---|---|---|---|
| 1 | INE435D07144 w.e.f. 24 September 2025 (INE435D07128 w.e.f. 19 December 2024 till 23 September 2025) (INE435D07078 till 18 December 2024) | 500 | 500 | ACUITE BBB STABLE |
| Sr. No. | Particular | Quarter ended 31 March 2026 (Refer note 2) | Quarter ended 31 December 2025 Unaudited | Quarter ended 31 March 2025 (Refer note 2) | Year Ended 31 March 2026 Audited | Year Ended 31 March 2025 Audited |
|---|---|---|---|---|---|---|
| 1 | Debt-equity ratio (Total borrowings ÷ Equity) | 3.22 | 3.30 | 2.57 | 3.22 | 2.57 |
| 2 | Debt service coverage ratio (DSCR) (Profit before tax, interest, exceptional items and depreciation and amortisation) ÷ (Interest expense together with principal repayments of long term borrowings during the period) | 1.55 | 0.04 | 0.02 | 0.14 | 0.06 |
| 3 | Interest service coverage ratio (ISCR) (Profit before tax, interest, exceptional items and depreciation and amortisation) ÷ interest expense | 1.61 | 1.53 | 0.43 | 1.30 | 0.43 |
| 4 | Paid up debt capital/ Outstanding debt (Non current borrowing + current borrowing) | 11,617.37 | 11,583.83 | 10,467.50 | 11,617.37 | 10,467.50 |
| 5 | Debenture redemption reserve | NA | NA |